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Mar 4, 2013

Zenyatta makes bull run on rare graphite deposit

TORONTO, March 3 (Reuters) – Zenyatta Ventures Ltd,
the top performing mining issuer on TSX Venture Exchange in
2012, is banking on a rare type of natural graphite that it says
can compete on a quality level with synthetic graphite, while
costing much cheaper to produce.

The Thunder Bay, Ontario-based company is in the very early
stages of developing its Albany project in northern Ontario, a
vein-type graphite deposit. Vein graphite, also known as lump
graphite, is currently only produced in Sri Lanka.

Mar 3, 2013
Mar 3, 2013
Mar 3, 2013
Mar 3, 2013
Mar 1, 2013

Miners’ meeting to face austere reality of post-boom market

TORONTO, March 1 (Reuters) – The euphoria that dominated the
global mining industry in recent years, when rapid Chinese
growth sent metal prices soaring, is fully spent. With metal
prices now stagnant and profit margins slim, budget cuts and
multibillion dollar writedowns have become the norm.

In reaction, shareholders have demanded blood over the past
year – sometimes in the form of a chief executive’s head -
leaving new management to usher in policies of cost controls and
disciplined spending. Traditional equity financing deals have
all but evaporated, leaving many small miners high and dry.

Feb 26, 2013

First Quantum may extend bid for Inmet by a few days

TORONTO, Feb 26 (Reuters) – First Quantum Minerals Ltd
may extend its hostile C$5.1 billion ($4.97 billion) bid
for rival base metal miner Inmet Mining Corp by a few
days, President Clive Newall said on Tuesday.

“There are a number of regulatory hurdles to go over, and we
hope they’ll all be done by tomorrow, but we may need to extend
slightly,” Newall said while addressing investors at the BMO
Metals & Mining conference in Hollywood, Florida.

Feb 22, 2013

Newmont eyes cost controls as CEO swap looms

TORONTO, Feb 21 (Reuters) – Newmont Mining Corp, the
No. 1 U.S. gold producer, said on Thursday that a more
disciplined approach to spending and cost cuts is its top
priority as leadership of the company shifts to Gary Goldberg,
who takes over as chief executive on March 1.

Newmont also reported a smaller-than-expected 4 percent drop
in adjusted fourth-quarter profit on lower metal production and
higher operating costs, which it vowed to bring under control.

Feb 21, 2013

Pan American focuses on dividend; shares jump

TORONTO (Reuters) – Pan American Silver Corp, (PAA.TO: Quote, Profile, Research, Stock Buzz) said on Thursday it plans to focus on funneling excess cash directly to shareholders, helping to drive its shares up more than 6 percent a day after it said it was more than doubling its quarterly dividend.

The increased dividend payout may have softened the fourth-quarter loss that Pan American reported late on Wednesday, reflecting an impairment charge to write down part of the value of its Navidad project in Argentina.

Feb 15, 2013

Goldcorp beats forecasts, sees strong year ahead

TORONTO (Reuters) – Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz), Canada’s second largest gold producer, booked a lower-than-expected drop in adjusted quarterly profit on Thursday and said improved performance at two key mines positioned it for a strong year.

Goldcorp, which in January slashed its 2013 production forecast and increased development costs at growth projects, said fourth-quarter output benefited from a strong performance at its Penasquito gold mine in Mexico and its Red Lake gold mine in Canada. Both mines had struggled with operational issues earlier in 2012.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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